Saudi Arabia-based investment bank Sidra Capital is changing its Islamic trade finance fund, initially established as closed-ended, to an open-ended format as it sees growing appetite from regional investors in the Gulf, its chief executive said

The spread of Islamic trade finance is boosting demand for sharia-compliant reinsurance in the Gulf, trade credit insurer Euler Hermes says, predicting the sector could eventually account for over a third of its business in the region.

The International Islamic Trade Finance Corporation (ITFC) has carried out 36 trade finance operations with a total value of $1.253 billion in favour of 16 countries in the first half of the year.
“These results reflect our continued effor